Sanderus: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Sanderus
Largest movements
- Current investments +€402,000
up €402,000 (+362.3%), from €110,968 to €512,967
- Tangible fixed assets -€290,541
down €290,541 (-17.9%), from €1.6m to €1.3m
of which Leasing and similar rights: -€152,917
- Cash -€230,046
down €230,046 (-27.2%), from €844,843 to €614,797
mainly Current investments (-€402,000) and Trade debts (-€169,342)
- Stocks and contracts -€43,145
down €43,145 (-10.6%), from €407,776 to €364,631
- Reserves +€241,048
up €241,048 (+13.9%), from €1.7m to €2.0m
of which Tax-exempt reserves: +€705,091
- Trade debts -€169,342
down €169,342 (-38.0%), from €445,734 to €276,392
- Debts after one year -€145,188
down €145,188 (-25.8%), from €562,136 to €416,948
- Current portion of long-term debt -€91,802
down €91,802 (-38.7%), from €236,990 to €145,188
- Revaluation surpluses -€58,310
down €58,310 (-19.7%), from €296,719 to €238,409
- Gross operating margin +€155,285
up €155,285 (+5.6%), from €2.8m to €2.9m
- Staff costs -€60,577
down €60,577 (-2.7%), from €2.2m to €2.1m
- Taxes +€34,771
up €34,771 (+54.0%), from €64,361 to €99,132
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,806,488 | €3,641,327 | -€165,162 | -4.3% |
| Fixed assets | 21/28 | €1,638,957 | €1,348,592 | -€290,365 | -17.7% |
| Intangible fixed assets | 21 | €13,637 | €13,813 | +€176 | +1.3% |
| Tangible fixed assets | 22/27 | €1,625,283 | €1,334,742 | -€290,541 | -17.9% |
| Land and buildings | 22 | €1,220,842 | €1,084,162 | -€136,680 | -11.2% |
| Plant, machinery and equipment | 23 | €134,769 | €147,925 | +€13,155 | +9.8% |
| Furniture and vehicles | 24 | €100,574 | €86,474 | -€14,100 | -14.0% |
| Leasing and similar rights | 25 | €169,098 | €16,182 | -€152,917 | -90.4% |
| Financial fixed assets | 28 | €37 | €37 | = | 0.0% |
| Current assets | 29/58 | €2,167,531 | €2,292,734 | +€125,203 | +5.8% |
| Stocks and contracts in progress | 3 | €407,776 | €364,631 | -€43,145 | -10.6% |
| Stocks | 30/36 | €407,776 | €364,631 | -€43,145 | -10.6% |
| Amounts receivable within one year | 40/41 | €795,904 | €789,691 | -€6,213 | -0.8% |
| Trade receivables | 40 | €779,850 | €773,637 | -€6,213 | -0.8% |
| Other amounts receivable | 41 | €16,054 | €16,054 | = | 0.0% |
| Current investments | 50/53 | €110,968 | €512,967 | +€402,000 | +362.3% |
| Cash at bank and in hand | 54/58 | €844,843 | €614,797 | -€230,046 | -27.2% |
| Deferred charges and accrued income | 490/1 | €8,040 | €10,648 | +€2,608 | +32.4% |
| Total equity and liabilities | 10/49 | €3,806,488 | €3,641,327 | -€165,162 | -4.3% |
| Equity | 10/15 | €2,150,532 | €2,333,270 | +€182,738 | +8.5% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Revaluation surpluses | 12 | €296,719 | €238,409 | -€58,310 | -19.7% |
| Reserves | 13 | €1,729,813 | €1,970,861 | +€241,048 | +13.9% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €705,091 | +€705,091 | |
| Distributable reserves | 133 | €1,717,413 | €1,253,370 | -€464,044 | -27.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,655,956 | €1,308,057 | -€347,899 | -21.0% |
| Amounts payable after more than one year | 17 | €562,136 | €416,948 | -€145,188 | -25.8% |
| Financial debts | 170/4 | €562,136 | €416,948 | -€145,188 | -25.8% |
| Amounts payable within one year | 42/48 | €1,093,821 | €891,109 | -€202,711 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €236,990 | €145,188 | -€91,802 | -38.7% |
| Trade debts | 44 | €445,734 | €276,392 | -€169,342 | -38.0% |
| Suppliers | 440/4 | €445,734 | €276,392 | -€169,342 | -38.0% |
| Taxes, remuneration and social security | 45 | €308,900 | €366,812 | +€57,911 | +18.7% |
| Taxes | 450/3 | €33,297 | €80,049 | +€46,752 | +140.4% |
| Remuneration and social security | 454/9 | €275,603 | €286,763 | +€11,159 | +4.0% |
| Other amounts payable | 47/48 | €102,196 | €102,718 | +€521 | +0.5% |
| Remuneration, social security and pensions | 62 | €2,204,191 | €2,143,614 | -€60,577 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €394,283 | €392,681 | -€1,602 | -0.4% |
| Other operating charges | 640/8 | €21,080 | €21,126 | +€45 | +0.2% |
| Non-recurring operating charges | 66A | - | €5,471 | +€5,471 | |
| Gross operating margin | 9900 | €2,763,677 | €2,918,962 | +€155,285 | +5.6% |
| Operating profit (loss) | 9901 | €144,123 | €356,070 | +€211,948 | +147.1% |
| Financial income | 75/76B | €32,189 | €36,419 | +€4,230 | +13.1% |
| Recurring financial income | 75 | €32,189 | €36,419 | +€4,230 | +13.1% |
| Financial charges | 65/66B | €10,225 | €10,621 | +€395 | +3.9% |
| Recurring financial charges | 65 | €10,225 | €10,621 | +€395 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | €166,086 | €381,869 | +€215,783 | +129.9% |
| Income taxes | 67/77 | €64,361 | €99,132 | +€34,771 | +54.0% |
| Profit (loss) for the period | 9904 | €101,725 | €282,738 | +€181,012 | +177.9% |
| Profit (loss) for the period to be appropriated | 9905 | €101,725 | €282,738 | +€181,012 | +177.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.